₹14.90 Crores | Listing at BSE | Mon, May 25, 2026 - Thu, Jun 4, 2026
Steelco Gujarat Ltd Rights Issue comprises 0.1330 Cr equity shares aggregating to ₹14.90 Cr, offered at an issue price of ₹112 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is May 15, 2026, with the Rights Issue being offered in the entitlement ratio of 5:1.
As per the terms of payment, ₹112 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on May 18, 2026.
The Rights Issue opens on May 25, 2026 and closes on Jun 4, 2026.
The deemed date of allotment is Jun 5, 2026, following which the equity shares are expected to be credited to demat accounts on Jun 8, 2026 and listed on the BSE on Jun 8, 2026.
MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Steelco Gujarat Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, May 15, 2026
Entitlement Ratio
5 : 1
Open Date
Mon, May 25, 2026
Close Date
Thu, Jun 4, 2026
| Period Ended | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|
| Total Income | 4.18 | 0.31 |
| Profit After Tax | -20.54 | 165.41 |
| NET Worth | 40.04 | 60.59 |
| Reserves and Surplus | 35.08 | 55.63 |
| Amount in ₹ Crore | ||
Steelco Gujarat Limited is an Indian company engaged in the trading and distribution of steel products. It operates within the metal and steel industry, catering to diverse industrial requirements.
The company deals in various steel products used across construction, infrastructure, and manufacturing sectors. Its business model focuses on procurement, inventory management, and timely supply to customers in domestic markets.
Steelco Gujarat Limited aims to maintain operational efficiency and stable margins through strategic sourcing and customer relationships. Its performance is influenced by steel price fluctuations, demand trends, and broader economic conditions.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the Long-Term Working Capital Requirements | 11.60 |
| 2 | General Corporate Purposes | 3.00 |
| Total | 14.60 |
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Steelco Gujarat Rights Issue May 2026 got oversubscribed by 1.43 times by the end of the bidding period with total bid quantity received by BSE of 19,04,799 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Jun 04 2026 17:00:00 | 19,04,799 | 1.43x |
Steelco Gujarat Ltd
Plot No 2,
GIDC Estate,
Palej,
Bharuch, 392220
The Steelco Gujarat Rights Issue May 2026 opens on Mon, May 25, 2026, and closes on Thu, Jun 4, 2026.
Steelco Gujarat Rights Issue May 2026 Schedule
| Last Date for credit of Rights Entitlements | Mon, May 18, 2026 |
| Last Date for renunciation of Rights Entitlements | Fri, May 29, 2026 |
| Issue Opening Date | Mon, May 25, 2026 |
| Issue Closing Date | Thu, Jun 4, 2026 |
| Date of Allotment (on or about) | Fri, Jun 5, 2026 |
| Date of Credit (on or about) | Mon, Jun 8, 2026 |
| Date of Listing (on or about) | Mon, Jun 8, 2026 |
You can apply for Steelco Gujarat Rights Issue May 2026 in two ways:
Steps to apply for Steelco Gujarat Rights Issue May 2026 using Net Banking (ASBA)
Steps to apply for Steelco Gujarat Rights Issue May 2026 using Registrar's website (R-WAP)
